PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back.

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blockchain Fraud Data Report 148

PYMNTS

JUNE 17, 2020

Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported. The goal of using blockchain is to hopefully cultivate a reliable source of information, documenting every data point necessary to keep track of the supply chain.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

MARCH 17, 2017

It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. The reason?

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Bitcoin Regulation cryptocurrency blockchain 123

Bank Innovation

OCTOBER 13, 2016

As we know, two of the most prized traits of blockchain technology, specifically when one is talking about the bitcoin blockchain, are its anonymity and its immutability. Unfortunately, those traits also lead to a fair amount of fraud; which is why Terbium Labs, a “dark web intelligence provider,” has teamed Read More.

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blockchain Fraud Bitcoin Technology 150

PYMNTS

MARCH 31, 2017

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Hard fork, anyone?

Bitcoin 100

Bitcoin blockchain Capital Regulation 100

PYMNTS

JANUARY 29, 2020

If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. “Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

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Bitcoin Regulation blockchain Delaware 132

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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social media Fraud cryptocurrency Trends 195

PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. Crypto has been held up by critics as a conduit to fraud and money laundering. The mechanics and clumsiness of it all have not helped.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

NOVEMBER 28, 2019

“In times of crisis, to reach those lofty ambitions, we need to be friendly not only to traditional financing mechanisms but to the crypto community who’s been very innovative,” said Ettore Rossetti, global digital lead of Save the Children in a phone interview with CoinDesk.

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Bitcoin Community Groups Innovation 176

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Then, there was sudden exponential growth in innovation.

Security 100

Security CA Payments Big Data 100

PYMNTS

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 Cryptocurrency security firm CipherTrace revealed that crypto criminals have already stolen more than $1.2 The research also showed major shortcomings in certain crypto regulations, with cross-border bitcoin payments from U.S.

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Report cryptocurrency Fraud Bitcoin 153

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. The recent payouts by the U.S.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

OCTOBER 18, 2019

“We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation. If existing and new businesses cannot innovate in Bermuda, they will find other jurisdictions to innovate — meaning Bermuda will lose out on opportunities.

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blockchain Samsung Bitcoin Innovation 101

PYMNTS

NOVEMBER 22, 2020

NiceHash confirmed that users’ information remained secure after freezing funds for 24 hours and verifying that the domain settings had been reset. Our security team investigated and confirmed threat actor activity, including social engineering of a limited number of GoDaddy employees,” GoDaddy told KrebsOnSecurity. “As

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cryptocurrency Bitcoin Security Innovation 131

PYMNTS

NOVEMBER 30, 2017

“Right now, the Federal Reserve is not developing its own digital currency,” Williams said when asked his thoughts about bitcoin at an economic outlook luncheon in Phoenix, Arizona. Central banks could face difficult trade-offs between strengthening security and enabling illegal activity,” Powell said.

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San Francisco Bitcoin Phoenix Arizona 100

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

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Innovation Security Industry blockchain 100

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Security researchers Noam Rotem and Ran Locar discovered the database and reported their findings to TechCrunch. Lacewell said in a press release.

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Regulation Bitcoin New York Online 108

PYMNTS

AUGUST 17, 2017

Looking back over a five-year time frame, with an eye on innovation that has enabled all of the above top-down momentum in payments, the executive said the most important events have included a real “difference between infrastructure changes and what the customer might see.”. I’m talking about the whole sort of Bitcoin world.

Innovation 103

Innovation Payments Bitcoin Samsung 103

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. However, last month, Van Eck Associates abandoned plans for a bitcoin ETF.

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma). Why the disconnect?

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Cards Data Mobile Survey 151

PYMNTS

AUGUST 24, 2020

Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers. The effort is reportedly part of the “New Infrastructure Initiative” of the country to allow for information to be unchangeable and provided to various governmental bodies, the report stated.

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Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

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United States cryptocurrency Bitcoin National 284

PYMNTS

JULY 16, 2020

As the demand for digital payments surge, however, the systems that used to keep them secure are falling short. Algorithmic tools designed before March are having trouble predicting consumers’ behavior during the pandemic, and some firms are upgrading their fraud screening systems so they are better able to predict consumer behavior.

Mobile 181

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PYMNTS

NOVEMBER 13, 2020

Numerous patients received ransom demands from the hackers, who asked for bitcoin in exchange for privacy. The psychotherapy center also reported that it received a ransom demand for $531,000 in bitcoin. A minimum of 300 patient records showed up on the dark web with personal information like names and ID codes.

Bitcoin 174

Bitcoin Data National Strategy 174

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Trends and Typologies. One such AEC increasingly demanded by ransomware criminals is Monero.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Trends and Typologies. One such AEC increasingly demanded by ransomware criminals is Monero.

Fraud 195

Fraud cryptocurrency System Trends 195

PYMNTS

OCTOBER 7, 2019

Bitcoin, Libra, instant payments, Open Banking — these were the big subjects on repeat last week, Dobbie told Webster. But the main recurring point was how are we rising [to] this challenge, how will we meet changing expectations, and where are the opportunities to get out ahead and actually innovate,” Dobbie said.

Payments 167

Payments Innovation System Security 167

PYMNTS

JANUARY 26, 2017

A recent G2 whitepaper investigated the routes cybercriminals have taken and the strategies they now use in response to increased security oversight in the traditional online payments space. Customers were prompted to use a bitcoin exchange to convert their payment, rendering the transaction anonymous and nearly unrecorded.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

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PYMNTS

OCTOBER 20, 2018

We always want to talk to innovators and those who understand them best. Over the last nine years, it has been PYMNTS’ privilege to speak with some of the most innovative minds in payments and commerce. And we have them here, as explained by the innovators that learned them, in real time, on the ground. Really hard.

Innovation 177

Innovation Payments Cards Retail 177

Fintech Labs Insights

JULY 28, 2016

Terms have not been disclosed, but today we learned that Blockstream has agreed to acquire bitcoin wallet software maker and FinDEVr alum , GreenAddress. ” Pictured: GreenAddress founder and CEO Lawrence Nahum during his presentation, “GreenAddress: Instant and Secure Bitcoin” at FinDEVr 2014 in San Francisco. .”

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Bitcoin San Francisco blockchain Security 12

NCR

JUNE 1, 2016

That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular? They know that many in the market see it as something between a fad and a fraud, and they inform more than they advocate. How to enhance security rather than compromise it, and.

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PYMNTS

OCTOBER 26, 2016

to buyer Brighann Cotton Marketing Australia — and blockchain to prove that the goods were shipped, which all ultimately elevated transparency, security measures and tracking. A key result of this application is in the reduction of paperwork and delays in processing and, therefore, the ability to reduce fraud.

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Illinois blockchain Technology Innovation 100

PYMNTS

NOVEMBER 15, 2017

In a statement, EY Global Innovation Leader, Blockchain Technology, Paul Brody, said, “blockchains are quickly becoming routine tools for business processing that companies can use to manage and take action from the huge amounts of data their systems collect and process.”. Scrutiny Heightens.

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